Transport Economics

Theory, application and policy

by Graham Mallard and Stephen Glaister

Chapter 8

Essay questions

  1. To what extent does the European airline industry have a market structure of oligopoly?
  2. “Product differentiation is desirable but Hotelling's location model shows that it is inevitable limited.” - Discuss.
  3. “The kinked demand curve fails to generate any useful conclusions and so should be disregarded in economic analysis.” - Discuss.